Online Technical Support: CT Calculator


Interests Rates & Home Ownership Rates

mortgage finance reference


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Dictionary of Terms

Mortgage[wikipedia] a loan obtained through the conveyance of property as security.
Interest Rate[dictionary] the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Term[mtgprofessor] the years allowed to pay back a mortgage loan
Adjustable Rate Mortgage[investopedia] A mortgage on which the interest rate, after an initial period, can be changed by the lender.
Fixed Rate Mortgage[bankrate] A mortgage in which the monthly payment based on interest does not change